Brazil's Petrobras plans 55% hike in jet fuel prices, airline says

Petrobras will raise jet fuel prices by about 55% effective April 1. Abra Group, which controls airline Gol, flagged the move — the jump will materially increase airlines' fuel costs, pressuring Gol's margins and likely forcing higher fares or capacity adjustments while adding near-term inflationary pressure in Brazil.

Analysis

Petrobras will raise jet fuel prices by about 55% effective April 1. Abra Group, which controls airline Gol, flagged the move — the jump will materially increase airlines' fuel costs, pressuring Gol's margins and likely forcing higher fares or capacity adjustments while adding near-term inflationary pressure in Brazil.